The proposed legislation, “Securing a Strong Retirement Act of 2020”, may not be finalized until after January 21, 2021 and would impact 401(k)s, 403(b)s, and IRAs. It could potentially help financial professionals grow their retirement business by expanding coverage and increasing retirement savings.
The views expressed here should not be construed as investment advice. They are based on available information and are subject to change without notice. The information above is intended as general information and is not intended to provide, nor may it be construed as providing, tax, accounting or legal advice. As with all matters of a tax or legal nature, please consult with your tax or legal counsel for advice. This material and/or its contents are current at the time of writing and may not be reproduced or distributed in whole or in part, for any purpose, without the express written consent of Hartford Funds.
Please check back when the regulation is finalized. The final regulation may modify the preceding.